Virginia Association of Community Banks Selects Travelers as Endorsed Provider for State’s Community Banks
Travelers SelectOne+® offers flexible, customizable coverage, that includes cyber risks
HARTFORD, Conn. – 10/28/2014 –(BUSINESS WIRE)– Travelers (NYSE: TRV) has been selected by the Virginia Association of Community Banks (VACB) as an endorsed provider of bank insurance products. Member banks now have access through the Association to the Travelers property and casualty products, as well as SelectOne+® for Community Banks, which includes a broad set of coverages on specialty lines.
“We are pleased that the VACB has selected us as their endorsed insurance provider,” said Mark Horton, Second Vice President and National Director of Community Banks at Travelers. “With more than a century of experience serving the banking industry, Travelers can provide VACB member banks with customized insurance offerings, specialized underwriting and claim expertise to support their unique needs.”
Travelers SelectOne+® for Community Banks products include crime (financial institution bond), directors and officers liability, bankers professional liability and a variety of e-business, all designed to work together to help reduce potential gaps and overlaps in coverage. Travelers SelectOne+® pairs the company’s in-depth knowledge of community banks with a century of experience serving financial institutions to create products that respond to the most recent trends in community banking, including cyber risks. The company also offers property and casualty products for community banks.
“Travelers comprehensive suite of products and strong brand offers significant value to our members and the residents of Virginia they serve,” said Jeff W. Dick, Chairman of the Virginia Association of Community Banks.
The Virginia Association of Community Banks is an organization whose members are the locally owned and operated banks in the Commonwealth of Virginia. All members are dedicated to the principles of community banking.
The purpose of the Association is to assist its members in serving their shareholders, customers, employees and community in a competent and profitable manner; to provide members the means to remain visible, progressive institutions; to represent the membership by promoting a unified philosophy and to provide effective programs and services that include, but are not limited to, legislative and regulatory lobbying, education, membership communication, and other areas which all have a unique orientation toward community banking.
For more information, please visit www.vacb.org.
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider of property casualty insurance for auto, home and business. A component of the Dow Jones Industrial Average, Travelers has approximately 30,000 employees and generated revenues of approximately $26 billion in 2013. For more information, visit www.travelers.com.
SOURCE: The Travelers Companies, Inc.